Efforts to drive positive change
As a pension provider and long-term investor, climate action is essential to creating lasting value for our customers and society. Therefore, we have committed ourselves to working ambitiously with climate action and support the Paris Agreement with our overarching goal of being CO2 neutral in our own operations by 2030 and in our investment portfolio by 2050.
Velliv's climate work is based on recognised standards and valid research. Our climate goals are certified by the Science Based Targets initiative (SBTi). This creates credibility and transparency around our goals and the necessary measures to achieve them. The globally recognised standard ensures that our CO2 reduction goals are scientifically validated in accordance with the Paris Agreement.
Our ambition to drive sustainable change is high, and the SBTi certification is a quality stamp that validates our bold climate targets. The SBTi certification gives us a competitive edge, as more and more of our customers set their own ambitious climate targets and look for suppliers - like us - to demonstrate a similar commitment. This way ensuring that the entire value chain works towards the same objectives.
Søren Herrestrup Husted
Chief Commercial Officer (CCO)
Emissions are divided into three scopes:
Scope 1 - CO2e emissions from our vehicle fleet are 28% lower than in 2023 and 44% lower than in 2019.
Scope 2 - CO2e emissions from office operations are 18% lower than in 2023 and 29% lower than in 2019.
Scope 3 - CO2e emissions from our investment portfolio are 17% lower than in 2023 and 48% lower than in 2019.
Emissions are categories into three scopes: Scope 1: Direct emissions from Velliv's own operations. Scope 2: Indirect emissions from Velliv's purchase of electricity and heat. Scope 3: Supplier emissions, waste, business travel, commuting and investments in the value chain.
Our ambitious climate goals are expressed in the driving force of Velliv, through active ownership of our portfolio companies and dialogue with suppliers about, among other things, goals and CO2 reduction in line with the Paris Agreement. Velliv wants to make its voice heard and influence partners to continue supporting the green transition and long-term sustainability. We need to see more stakeholders come together and invest in accelerating the sustainable transition in line with the Paris Agreement.
One of our climate goals is to reduce scope 1 and 2 emissions of the investment portfolio* by 60 per cent in 2030 compared to 2019. CO2 emissions have been reduced to 4.86 tons CO2e per DKK million invested, which means Velliv has achieved a reduction of 48 per cent compared to 2019 (11.41 tons CO2e per DKK million invested).
*For listed shares, corporate bonds and real estate.
At Velliv, we believe that responsibility and returns are closely linked. Through active ownership, we strive to influence the companies in our investment portfolio towards more responsible practices. We do this through ongoing dialogue with the companies about their impact on the environment and human rights, as well as the sustainability-related risks they face.
